New Report Covers Hydrophobic Coatings Market
SHELBYVILLE, DE — According to a report released by Global Market Insights Inc., the market for hydrophobic coatings is set to surpass $2 billion by 2024.
The increasing development of water-repellent materials has attracted a lot of attention due to the wide range of applications that these surfaces offer. This development is expected to lead to favorable growth in the hydrophobic coatings market. Self-cleaning surfaces, stain-resistant textiles, anti-icing coatings, and anti-fouling materials are just some examples that show the potential of these materials.
The market for fluoropolymer-based hydrophobic coatings is China is expected to surpass $110 million in the projected timeframe, owing to growth in the electronics market in this region. These coatings are resistant to acids, solvents and friction. An increasing consumer preference for high-quality electronic products, along with rising investment in sustainable technology in the coatings industry, will positively impact market growth.
The market for hydrophobic coatings in aerospace could witness gains of up to 5% by 2024. The product would be applied to the entire surface of plane and could help prevent buildup of ice deposits.
The market for hydrophobic coatings in medical applications is anticipated to exceed $60 million by 2024. With the ability to repel fluids, blood, and tissue, these coatings can keep surgical tools clean and reduce the risk of infection and contamination. These coatings provide anti-microbial, self-cleaning and antifouling properties, which will stimulate product demand.
The report predicts that the use of hydrophobic coatings in metal substrates will witness strong gains of up to 6% by 2024. It is expected that these coatings will be useful in corrosion protection and are easy to apply, boosting market growth.
The market for titanium dioxide-based hydrophobic coatings is anticipated to exceed $20 million in the projected timeframe. Growth is expected due to the anti-smudging and easy-to-clean properties of these coatings. They are very effective in developing durable and mechanically stable coatings that can also serve as a barrier. Areas of use include cement, paint, window glass and textiles.
The report expects that the market for hydrophobic coatings for anti-microbial use could witness gains of up to 4% by 2024. Antibacterial and water-repellent coatings on textiles are seeing increased use, as they are healthier and more comfortable on garments. Manufacturers are using sol gel techniques to develop innovative, high-value-added products.
For additional information about the report, Hydrophobic Coatings Market Size, By Product (Polysiloxanes, Fluoro-Alkylsilanes, Fluoropolymers, Titanium Dioxide), By Substrate (Metals, Glass, Concrete, Ceramics, Polymers, Textile/Leather), By Property (Anti-Microbial, Anti-Icing/Wetting, Antifouling, Anti-Corrosion, Self-Cleaning), By Application (Aerospace, Automotive, Construction, Medical, Optical, Oil & Gas) Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Russia, China, Japan, India, South Korea, Malaysia, Thailand, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Potential, Price Trend, Competitive Market Share & Forecast, 2018-2024, visit https://www.gminsights.com/industry-analysis/hydrophobic-coatings-market.